The Securities and Exchange Commission (SEC) published a notice about an application by Goldman Sachs Private Credit Corp. and Goldman Sachs Asset Management, L.P. The applicants are seeking an exemption from certain sections of the Investment Company Act of 1940 to allow certain registered closed-end investment companies to issue different classes of shares with varying fees. The SEC indicates that unless a hearing is requested by April 14, 2025, an order granting the requested relief will be issued. Interested parties can find more details by accessing the applicant's amended application on the SEC's EDGAR system.
Simple Explanation
Goldman Sachs asked for a special permission, like a hall pass, from the SEC to use different types of shares that come with different fees. The SEC will allow this unless someone asks for a meeting to talk about it by April 14, 2025.